The transaction involves the acquisition of a controlling stake in Financière Cofidim by Alpha Private Equity, which is acquiring the interests previously held by Qualium Investissement (60%) and the Monnoyeur Group (40%). The rationale behind the deal is rooted in the significant recovery and stabilization of the group's performance following a challenging post-crisis period. Alpha’s entry is driven by the attractiveness of the group’s multi-channel dimension and its robust digital strategy, particularly within the Feu Vert brand. The investment aims to support the next phase of the group's development, focusing on international expansion beyond its core French market, particularly in the Iberian Peninsula where growth has been accelerating. Furthermore, the strategic roadmap involves diversifying service offerings to include new mobility solutions and accelerating product innovation. The deal structure is supported by a debt package, including senior and mezzanine tranches, reflecting the steady cash flow generation of the underlying automotive service activities. By shifting ownership from a bank-affiliated fund and an industrial family group to a dedicated private equity firm, the group seeks to leverage Alpha’s expertise in scaling mid-sized European companies and professionalizing their operational footprints during a period of rising demand for independent automotive aftermarket services.

FINANCIÈRE COFIDIM (FEU VERT), which reported an EBITDA margin of LOGIN in 2015, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 8.7x average currently observed in the Industry & Manufacturing sector.

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